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Ford posts third quarter profits of...*rubs hands together*...one BILLION dollars



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PurplePimpSaber
2009-11-02 10:16:20 AM


*raises pinky to corner of mouth*, subby.

 
mandrsn1
2009-11-02 10:19:31 AM


That's a good start.

 
Lost Thought 00
2009-11-02 10:21:22 AM


And next quarter that will be down to $-5 billion, without the government giving them a bailout in the form of CfC

 
gilgamesh23
2009-11-02 10:22:23 AM


A net profit of 3% on sales? Surely they could bump that margin up if they sold a few more Excursions and Explorers.

 
ne2d
2009-11-02 10:31:42 AM


Lost Thought 00: And next quarter that will be down to $-5 billion, without the government giving them a bailout in the form of CfC

Pretty much this.

 
petcat2469
2009-11-02 10:35:02 AM


OMG!! they are barely squeaking by on a Billion dollars... they need to get the UAW to roll over or else they may have to settle on solid gold toilets in the executive washrooms instead of platinum...

 
belowner
2009-11-02 10:37:36 AM


petcat2469: OMG!! they are barely squeaking by on a Billion dollars... they need to get the UAW to roll over or else they may have to settle on solid gold toilets in the executive washrooms instead of platinum...

One quarter does not constitute a trend...

 
OutsmartBullet
2009-11-02 10:42:17 AM


We're talking about a company that has revenues in excess of 140 Billion dollars. A one billion dollar profit really isn't excessive (or even very good) when we're dealing with a company that large.

 
IronTom
2009-11-02 10:44:45 AM


OOOooo, but they didn't take the TARP, no wonder that, oh wait...

 
Magorn
2009-11-02 10:45:47 AM


petcat2469: OMG!! they are barely squeaking by on a Billion dollars... they need to get the UAW to roll over or else they may have to settle on solid gold toilets in the executive washrooms instead of platinum...

So much this, remember thos greedy and stupid unions are just cutting their own throats by not giving ford the same concessions as two automakers who were bankrupt and teetering ont he brink of dissolution

Remember your George Orwell kids: "Executive Pay gooood! Union Pay Baaad!"

 
poisonedpawn78
2009-11-02 11:00:32 AM


Now imagine what ford could have done, if you gave them the bailout money and let them use that money to buy the reminants of two bankrupt competators on the uber cheap...

but you know .. bailing out the failures and letting the one guy who knows what they are doing better than the other two american companies compete at a disadvantage only to still win... you know its another route you could take too...

 
deansheen
2009-11-02 11:07:12 AM


poisendpawn - Heh, sounds like what PNC did to National City.

 
Phil McKraken
2009-11-02 11:08:28 AM


I like the union bias in some of the comments, apparently assuming that the executives will get the profits at the union members' expense.

How about the pensions and retirees that rely on the company to make profits? Not just employees and former employees of Ford, but many "little people" will benefit from this small profit.

 
jankyboy
2009-11-02 11:20:30 AM


Phil McKraken: How about the pensions and retirees that rely on the company to make profits? Not just employees and former employees of Ford, but many "little people" will benefit from this small profit.

This. My in-laws' retirement income came from the quarterly dividend payments on the preferred Ford stock they own. Earlier this year Ford suspended those payments, which they can by law for up to 5 years. Yes, you shouldn't put all of your eggs into one basket, but this impacts a lot more people than just those who work for and manage Ford.

 
InferiousX
2009-11-02 11:39:04 AM


Isn't Ford one of the few American Car companies basically doing everything right considering the financial situation the world is in?

I've always liked Fords, with the exception of the utter piece of shiat that is the Mercury Topaz, I've never had a major problem with a Ford, ever.

 
lennavan
2009-11-02 11:40:43 AM


I blame the Obama administration.

/no, really

 
bambi121899
2009-11-02 11:41:28 AM


InferiousX: Isn't Ford one of the few American Car companies basically doing everything right considering the financial situation the world is in?

I've always liked Fords, with the exception of the utter piece of shiat that is the Mercury Topaz, I've never had a major problem with a Ford, ever.



Clearly, you've never owned a used Ford.

/Found On Road Dead
//Fix Or Repair Daily

 
Antimatter
2009-11-02 11:53:13 AM


bambi121899: InferiousX: Isn't Ford one of the few American Car companies basically doing everything right considering the financial situation the world is in?

I've always liked Fords, with the exception of the utter piece of shiat that is the Mercury Topaz, I've never had a major problem with a Ford, ever.


Clearly, you've never owned a used Ford.

/Found On Road Dead
//Fix Or Repair Daily


Pfft, I own an oldsmobile. The things hit like 60,000 and just literally fall apart.

 
InferiousX
2009-11-02 11:55:14 AM


bambi121899: InferiousX: Isn't Ford one of the few American Car companies basically doing everything right considering the financial situation the world is in?

I've always liked Fords, with the exception of the utter piece of shiat that is the Mercury Topaz, I've never had a major problem with a Ford, ever.


Clearly, you've never owned a used Ford.

/Found On Road Dead
//Fix Or Repair Daily


All of my vehicles have been used.

 
Rev. Creflo Baller
2009-11-02 11:59:59 AM


poisonedpawn78: Now imagine what ford could have done, if you gave them the bailout money and let them use that money to buy the reminants of two bankrupt competators on the uber cheap...

but you know .. bailing out the failures and letting the one guy who knows what they are doing better than the other two american companies compete at a disadvantage only to still win... you know its another route you could take too...


1) The bailouts to Chrysler and GM weren't enough to have bought the companies.
2) The SEC's antitrust guys would have been unhappy with such a deal. Three domestic car companies is barely enough, two is too few.
3) Why in the world would Ford have wanted those POS companies?

 
hicksfa2
2009-11-02 12:06:06 PM


OutsmartBullet: We're talking about a company that has revenues in excess of 140 Billion dollars. A one billion dollar profit really isn't excessive (or even very good) when we're dealing with a company that large.

Yeah, but when you're dealing with a company that has had declining revenues for the last few years, and their disastrous '07, and '08 fiscal operating year(s)...A 1 billion dollar profit is a breath of fresh air.

 
StrikitRich
2009-11-02 12:09:14 PM


seattletimes.nwsource.com

MOO HA HA HA!!!

 
ha-ha-guy
2009-11-02 12:11:50 PM


That 1 billion looks sweet until you consider that Ford has about 150 billion in outstanding debt to keep the company afloat. Then considering the debt, the lack of CfC next term and the interest in the debt that 1 billion doesn't go very far.

 
boluke01
2009-11-02 12:12:42 PM


bambi121899: InferiousX: Isn't Ford one of the few American Car companies basically doing everything right considering the financial situation the world is in?

I've always liked Fords, with the exception of the utter piece of shiat that is the Mercury Topaz, I've never had a major problem with a Ford, ever.


Clearly, you've never owned a used Ford.

/Found On Road Dead
//Fix Or Repair Daily


Clearly you are a troll. Only time our Fords have ever had a problem was when someone else decided to run their car into our Ford.

 
poisonedpawn78
2009-11-02 12:14:06 PM


Rev. Creflo Baller:
1) The bailouts to Chrysler and GM weren't enough to have bought the companies.
2) The SEC's antitrust guys would have been unhappy with such a deal. Three domestic car companies is barely enough, two is too few.
3) Why in the world would Ford have wanted those POS companies?


1) When your paying 5 cents or less on the dollar in bankruptcy proceedings it surely would have been.
2) the SEC doesnt have a say if the companies are BANKRUPT
3)Factories, Machinery, Land, Supplier chain/distribution

Are we done here?

 
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